* The BSE index rises 0.83 percent, crossing 19,000
points for the first time since Oct. 5, while the NSE index
gains 0.77 percent.
* Gains track Asian shares that hit three-week highs on Thursday
as sentiment improved after a senior U.S. lawmaker said he was
"optimistic" on reaching a budget deal before the end of the
year to avoid a fiscal crisis.
* Traders say Moody's stable outlook on India has eased
potential ratings downgrade worries from S&P and Fitch in the
* On Thursday Goldman Sachs upgraded Indian stocks to
'overweight' from 'market-weight', citing growth recovery and
inflation moderation ahead. The investment bank pegged December
2013 Nifty target at 6,600 points.
* Leading the gains were mortgage lender HDFC, up 2.4
percent; ICICI Bank gains 1.4 percent while Tata
Motors is up 3.17 percent.